Crestwood Advisors Group LLC Purchases 884 Shares of Linde PLC (NASDAQ:LIN)

Crestwood Advisors Group LLC grew its position in Linde PLC (NASDAQ:LIN - Free Report) by 51.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,607 shares of the basic materials company's stock after acquiring an additional 884 shares during the period. Crestwood Advisors Group LLC's holdings in Linde were worth $1,214,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. North Capital Inc. acquired a new position in shares of Linde in the 1st quarter valued at approximately $25,000. Putney Financial Group LLC acquired a new position in shares of Linde in the 4th quarter valued at approximately $31,000. Dunhill Financial LLC acquired a new position in Linde during the 4th quarter worth approximately $34,000. New Age Alpha Advisors LLC increased its position in Linde by 34.9% during the 4th quarter. New Age Alpha Advisors LLC now owns 85 shares of the basic materials company's stock worth $36,000 after purchasing an additional 22 shares in the last quarter. Finally, Capital A Wealth Management LLC acquired a new position in Linde during the 4th quarter worth approximately $37,000. Institutional investors own 82.80% of the company's stock.

Linde Stock Performance

Shares of LIN stock opened at $472.02 on Wednesday. Linde PLC has a 12 month low of $408.65 and a 12 month high of $487.49. The stock has a market cap of $222.19 billion, a PE ratio of 34.28, a price-to-earnings-growth ratio of 3.32 and a beta of 0.96. The company has a current ratio of 0.94, a quick ratio of 0.80 and a debt-to-equity ratio of 0.45. The company's fifty day moving average price is $464.65 and its 200-day moving average price is $454.60.

Linde (NASDAQ:LIN - Get Free Report) last announced its earnings results on Thursday, May 1st. The basic materials company reported $3.95 EPS for the quarter, beating analysts' consensus estimates of $3.92 by $0.03. Linde had a net margin of 20.02% and a return on equity of 18.95%. The firm had revenue of $8.11 billion for the quarter, compared to analysts' expectations of $8.24 billion. During the same quarter in the previous year, the business posted $3.75 EPS. The company's quarterly revenue was up .1% on a year-over-year basis. On average, equities analysts expect that Linde PLC will post 16.54 EPS for the current fiscal year.

Linde Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th were paid a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend was Wednesday, June 4th. Linde's dividend payout ratio is currently 43.57%.

Insider Activity

In other news, VP Sean Durbin sold 7,261 shares of the stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $456.42, for a total value of $3,314,065.62. Following the transaction, the vice president owned 8,151 shares in the company, valued at $3,720,279.42. This represents a 47.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP David P. Strauss sold 1,987 shares of the stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $457.04, for a total transaction of $908,138.48. Following the completion of the transaction, the vice president owned 22,639 shares in the company, valued at $10,346,928.56. This trade represents a 8.07% decrease in their position. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have weighed in on LIN shares. Citigroup upgraded shares of Linde from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $500.00 to $535.00 in a report on Monday, June 30th. Argus upgraded shares of Linde to a "strong-buy" rating in a report on Tuesday, April 8th. UBS Group upped their price objective on shares of Linde from $485.00 to $504.00 and gave the stock a "neutral" rating in a report on Wednesday, July 9th. Royal Bank Of Canada started coverage on shares of Linde in a report on Friday, June 13th. They set an "outperform" rating and a $576.00 price objective on the stock. Finally, Sanford C. Bernstein upgraded shares of Linde to a "strong-buy" rating in a report on Thursday, April 3rd. Two investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $518.80.

Linde Company Profile

Linde plc operates as an industrial gas company in the Americas, Europe, the Middle East, Africa, Asia, and South Pacific. It offers atmospheric gases, including oxygen, nitrogen, argon, and rare gases; and process gases, such as carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene.

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